Markets India
Kalyan Jewellers shares surged 10% to a 52-week high as Q2 FY27 results showed a 64% jump in net profit, driven by festive season demand and operational efficiency.
On November 11, 2026, Kalyan Jewellers' stock climbed 10%, hitting an intraday peak of ₹672.10 after reporting Q2 FY27 results that included a record ₹427 crore net profit—up 64% year-on-year from ₹260.51 crore in the same period last fiscal year. Revenue grew 32% YoY to ₹10,323 crore, fueled by robust festive and wedding season sales.
Analysts highlighted that Kalyan's H1 FY27 performance was even stronger, with net profit rising 48% YoY to ₹776 crore and revenue expanding 38% to ₹20,912 crore. Same-store sales growth (SSSG) in India reached 20%, while adjusted EBITDA increased 26% to ₹600 crore despite a marginal decline in the margin to 5.8%. Brokerages maintained Buy ratings, with shares gaining 31.15% over two weeks.
The results underscore Kalyan's resilience amid competitive pressures, though challenges remain. Gross margins contracted by 80 basis points YoY due to one-time gains from customs duty and inventory losses, raising concerns about margin sustainability if costs rise further.
Kalyan Jewellers' Q2 results signal strong seasonal demand but highlight the need for cost management amid rising margins pressures.
Topics: Jewelry Industry, Financial Results, Share Price Movement, Retail Sector Performance, India Markets
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Source: LiveMint
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